Sax Wealth Advisors LLC Invests $1.64 Million in iShares Semiconductor ETF $SOXX

Sax Wealth Advisors LLC purchased a new position in shares of iShares Semiconductor ETF (NASDAQ:SOXX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,552 shares of the exchange traded fund’s stock, valued at approximately $1,635,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SOXX. Bison Wealth LLC acquired a new position in iShares Semiconductor ETF in the 4th quarter valued at $201,000. AQR Capital Management LLC lifted its stake in shares of iShares Semiconductor ETF by 83.9% in the 1st quarter. AQR Capital Management LLC now owns 2,238 shares of the exchange traded fund’s stock worth $421,000 after acquiring an additional 1,021 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of iShares Semiconductor ETF by 102.6% in the 2nd quarter. Schnieders Capital Management LLC. now owns 3,495 shares of the exchange traded fund’s stock worth $834,000 after acquiring an additional 1,770 shares during the period. Amundi acquired a new stake in shares of iShares Semiconductor ETF in the 2nd quarter worth $831,000. Finally, Cerity Partners LLC boosted its holdings in shares of iShares Semiconductor ETF by 9.0% in the second quarter. Cerity Partners LLC now owns 5,817 shares of the exchange traded fund’s stock valued at $1,389,000 after acquiring an additional 482 shares in the last quarter.

iShares Semiconductor ETF Price Performance

Shares of iShares Semiconductor ETF stock opened at $543.27 on Monday. iShares Semiconductor ETF has a 52-week low of $237.10 and a 52-week high of $655.95. The company’s 50-day simple moving average is $567.12 and its 200-day simple moving average is $456.12. The firm has a market cap of $48.70 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80.

iShares Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.2827 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21.

iShares Semiconductor ETF Profile

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.